Venture to Vietnam with IE Singapore

Vietnam

Attractive emerging market

With consistently strong annual growth of over 6% since the start of the decade, Vietnam has become an attractive destination for many investors.

The Straits Times distills the key opportunities in one of Southeast Asia's fastest growing markets. Learn why now is the time to do business in Vietnam: Read more

A maturing consumer services sector, sound manufacturing fundamentals and numerous infrastructure opportunities are reasons why investors are excited about doing business in Vietnam.

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Manufacturing hub

Vietnam has a range of free trade agreements (FTAs) in place, and is in the process of negotiating and ratifying more. Notable ones include the Vietnam-European Union FTA and the Regional Comprehensive Economic Partnership. Manufacturers which venture into Vietnam will enjoy low tariffs, boosting their exports to top markets such as the EU, US, Japan and Australia – an advantage which cements Vietnam’s position as a rising manufacturing hub.

2016 marked the twentieth anniversary of the Vietnam-Singapore Industrial Park joint venture. With a potential expansion of 1,500ha and new parks in the pipeline, industrial ties between Vietnam and Singapore are set to grow even stronger: Read more

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Sustained economic reforms

Economic liberalisation continues to gain momentum in Vietnam. The conversion of state-owned enterprises into publicly-listed corporations is expected to accelerate, more public-private partnerships are on the way, and key manufacturing sectors are set to continue expanding. Updates to Vietnam’s Investment Law have made it easier for foreigners to do business there, while changes to real estate laws mean that foreigners can now purchase land and buildings, subject to certain conditions.

We explore how the latest reforms have generated renewed optimism among investors when it comes to doing business in Vietnam: Read more

 

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Public-private partnerships

As part of its infrastructure drive, the Vietnam government is putting in place frameworks and regulations for public-private partnerships. Other efforts to attract private sector investment include the introduction of project development funds and gap financing options, and the active promotion of flagship projects by the Ministry of Planning and Investment.

We outline the role of public-private partnerships in Vietnam's infrastructure drive and the ensuing opportunities for Singapore firms: Read more

 

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Useful Links

FAQs on doing business in Southeast Asia

Find the answers to all your questions on industries with the most potential, navigating potential pitfalls, leveraging government support and more.

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The Trump effect on doing business in Southeast Asia

Ivan Tan, our Group Director for Southeast Asia explains what the new US administration under Trump means for Singapore companies looking to invest in Southeast Asia.

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ASEAN Webinar: Opportunities for you in Southeast Asia

Click here to watch the highlights.

  

 

Interview with The Business Times

Ivan Tan, our Group Director for Southeast Asia speaks to The Business Times on why Southeast Asia’s strong demand for infrastructure and consumer goods and services will continue driving the region’s growth.

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ASEAN still beckons

A growing middle class, increasing integration and strong ties to China’s growth engine are set to fuel growth in the region. Our Group Director for Southeast Asia shares why “ASEAN still beckons".

Read more

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Geography:

5 municipalities (Hanoi, Ho Chi Minh, Da Nang, Hai Phong, Can Tho), 58 provinces

Population: 96.2 million (est. July 2017)

Ease of Doing Business Ranking: 68th (June 2017)

Economic Freedom Ranking: 147th (2017)

Trading Partner Ranking: 10th

Bilateral Trade: S$19.8 billion (2016)

Source: CIA World Factbook

Vietnam

Geography:

10 Urban Districts (145 Wards), 18 Rural Districts (399 Wards), 1 Town

Population:

6.2 million

Vietnam-Hanoi

Vietnam’s most populous city, Ho Chi Minh City comprises 19 inner districts (259 wards) and 5 suburban districts (58 communes, 5 townships).

Population: 8.3 million

Source: General Statistics Office of Vietnam, 2016)

Vietnam-Ho-Chi-Minh